Get Termination Right that Won't Damage Business in the Long Term
Unfortunately, some businesses, especially start-ups or local independent businesses, ultimately fail in the location where they’ve rented space. A move to less expensive space, space that would work better for a tenant’s business model, or space with more foot traffic or better synergy could salvage things.
But it’s not that easy. While termination is sometimes the only way out, it shouldn’t be a foregone conclusion for troubled tenants.